Debt

Debt Financing

Rooftop solar co Mysun raises Rs.15-Cr from Tata Cleantech

Press Release  

Noida-based rooftop solar company MYSUN, has tied up to raise INR 15 crore in debt funding from Tata Cleantech Capital Ltd (TCCL), a joint venture between Tata Capital Limited (TCL) and International Finance Corporation (IFC). This term loan will be used to fund the existing projects of Mysun and the credit line will be used to develop its pipeline projects. TCCL has partnered with Green Climate Fund (GCF) to develop the solar rooftop market through a USD 100 million credit line. The Mysun deal forms a part of this GCF Facility. Mysun is a technology platform for distributed solar solutions and services focused on large C&I clients on one hand and the under-solarized but huge SME and homes market on the other. It is present in nine states including Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, Madhya Pradesh and Andhra Pradesh besides the National Capital Region (NCR).